Operating right-of-use assets are summarized below.
| | |
As
of
December 31, 2025 | | |
As
of
December 31, 2024 | |
| Office Leases | |
| - | | |
$ | 2,243,971 | |
| Less
accumulated amortization | |
| - | | |
| (610,764 | ) |
| Right-of-use
asset, net | |
| - | | |
$ | 1,633,207 | |
Operating
lease liabilities are summarized below
| | |
As
of
December 31, 2025 | | |
As
of
December 31, 2024 | |
| Office Leases | |
| - | | |
$ | 1,822,053 | |
| Less:
current portion | |
| - | | |
| (547,439 | ) |
| Long
term portion | |
| - | | |
$ | 1,274,614 | |
The
components of lease expense of continuing operations were as follows:
| | |
Year
Ended
December 31,
2025 | | |
Year
Ended
December 31,
2024 | |
| Operating
lease cost | |
| - | | |
$ | 488,047 | |
| Total
lease cost | |
| - | | |
$ | 488,047 | |
Supplemental
cash flow and other information related to leases of continuing operations was as follows:
| | | Year Ended December 31,
2025 | | | Year Ended December 31,
2024 | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | Operating lease payments | | | - | | | $ | 323,292 | | | Weighted average remaining lease term (in years): | | | N/A | | | | 6.25 | | | Weighted average discount rate: | | | N/A | | | | 12.50 | % |
|